Loan Cancellation & Forgiveness

You must repay your loans even if you don't complete your education, can't find a job related to your program of study, or are unhappy with the education you paid for with your loan. However, certain circumstances might lead to your loans being forgiven, canceled, or discharged.

Important Tips

Cancellation/forgiveness is not automatic; borrowers must submit a completed application to their servicer.

The servicer will determine eligibility and notify the borrower once the request has been processed.

The borrower is responsible to continue making regular monthly payments until the request has been processed.

Application Process

Borrowers must contact their loan servicer to apply for any of the cancellation or forgiveness options. (A servicer is the organization/entity responsible for collecting payments and managing the loan during repayment.)